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Feb 1, 2010 3:05am EST
be good for the world economy if they do. >> what about the drama around ben bernanke. he was confirmed for a second term in the senate as chairman of the federal reserve. was it justified? is that deserved? any surprises? >> well, it would have been pretty scary if they hadn't confirmed hi i mean, what it would say is congress wants to run the fed. there are othe good candidates but ben has done a great job the last year especially and it just wouldn't have been good for congress or good for the institution. >> laura? >> i agree completely. this has been tied up with discussions that many members of congresshave in trying to weaken or take power away from the fed. >> are you concerned about the independence of the fed? >> i am >> i am absolutely. >> why? tell me. >> congress knew it could set interest rates but oh, my gosh they can print a couple trillion dollars of debt. they can buy consumer loans. we don't want someone to have that kind of power. they want to get in on that. monetary policy. it's a dangerous moment. >> real quick on the state of the union. president obama delivering
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